Coinshares International Limited
CS.STMarket valuation vs the Bitcoin it holds
40.20×
live
Premium
a 3920% premium to Bitcoin NAV
Coinshares International Limited trades at 40.20× its Bitcoin NAV — you pay $40.20 for every $1 of Bitcoin it holds, a 19.2M USD pile.
Live · last updated
BTC held
236 BTC
Bitcoin treasury
Bitcoin NAV
19.2M USD
at today's BTC price
Market cap
770.9M USD
Fully diluted
Share price
5.85 USD
USD
Last BTC buy
73 BTC
Mar 31, 2025
mNAV over time
Last 12 months · diluted
Today's 40.20× sits in a 52-week range of 19.05× to 450.27×.
mNAV · 52-week range
19.05×–450.27×
19.05×now 40.20×450.27×
About Coinshares International Limited
Coinshares International Limited (CSHR) owns 236 BTC. At today's price that Bitcoin is worth 19.2M USD. The market caps the whole company at 770.9M USD — 40.20× its Bitcoin. Put plainly: you pay $40.20 for every $1 of Bitcoin it holds, a 3920% premium for everything that isn't the Bitcoin. It bought in at an average of 545.2K USD per coin.
Coinshares International Limited (CSHR) mNAV — frequently asked
- What is Coinshares International Limited (CSHR)'s mNAV?
- Coinshares International Limited's mNAV is currently 40.20×. mNAV divides CSHR's market capitalisation by the value of the Bitcoin it holds, so 40.20× means the market values the company at 40.20× the worth of its Bitcoin treasury (19.2M USD).
- Is Coinshares International Limited (CSHR) overvalued versus its Bitcoin?
- At 40.20×, Coinshares International Limited (CSHR) trades at a 3920% premium to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 19.05×–450.27×.
- How much Bitcoin does Coinshares International Limited (CSHR) hold?
- Coinshares International Limited holds 236 BTC, worth 19.2M USD at current prices. Its most recent purchase was 73 BTC on Mar 31, 2025.
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